GrowLife recently announced its third consecutive growth quarter
Company Website:
http://www.growlifeinc.com
KIRKLAND, Wash. -- (Business Wire)
GrowLife, Inc. (OTCBB: PHOT), one of the nation’s most recognized indoor
cultivation service providers, announced the promotion of Mr. Joseph
Barnes, Senior vice-president of business development, to President of
GrowLife Hydroponics, Inc., GrowLife, Inc.’s channel management
subsidiary.
GrowLife, Inc. reported 100% year-over-year quarter revenue growth in
its June 30, 2017 10-Q filed with SEC on August 11, 2017, confirming its
upward trajectory in an ever-growing competitive market. This is the
third consecutive revenue growth quarter due to GrowLife Hydroponics'
contribution, the distribution arm, contributing the highest gross
margin in over a year. In addition, the Company announced the expansion
of distribution in Canada along with three additional retail licensees
in California.
“I am proud of Mr. Barnes’ leadership and performance in GrowLife
Hydroponics over the last year and, as a result, am pleased to promote
him to head our Hydroponics channel management subsidiary; it is a
well-earned move,” stated Mr. Marco Hegyi, Chief Executive Officer and
Chairman of GrowLife, Inc. “As GrowLife, Inc. continues to fulfill its
expansion initiatives with the addition of products and services to
distribution, I view Joe’s continued contribution as essential to
GrowLife’s success,” continued Mr. Hegyi.
GrowLife, Inc. is the publicly traded holding company (Ticker: PHOT) of
business subsidiaries. GrowLife Hydroponics is the channel management
subsidiary and primary pillar of the Company’s recently announced
strategy found in the June 30 10-Q. GrowLife Hydroponics includes direct
sales, e-commerce and hydroponic stores, both company-owned and licensed
retailers. Other expansion pillars mentioned in the Management
Discussion in the 10-Q include Technology, Data Analysis, Operations
Services and Education to help both businesses and consumers expanding
with indoor cultivation offerings.
“GrowLife has walked through some challenges over the last few years,
which have made us stronger, wiser and leaner. We can now execute faster
than our competitors and better serve our customers,” commented Mr.
Joseph Barnes, President of GrowLife Hydroponics. “We are just getting
started and hiring the best direct sales team that is now covering the
United States and Canadian markets,” continued Mr. Barnes.
For more information about GrowLife and GrowLifeEco.com please visit: www.growlifeinc.com.
Additional commentary on the Company as well as the industry is also
provided on Mr.
Hegyi’s blog. Specific financials and corporate actions on GrowLife
(OTCBB: PHOT), can be found in the filings at the SEC
website.
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com)
aims to become the nation’s largest cultivation service provider for
cultivating organics, herbs and greens and plant-based medicines. Our
mission is to help make our customers successful. Through a network of
local representative covering the United States and Canada, regional
centers and its e-Commerce team, GrowLife provides essential goods and
services including media, industry-leading hydroponics equipment, plant
nutrients, and thousands more products to specialty grow operations.
GrowLife is headquartered in Kirkland, WA and was founded in 2012.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170816005558/en/
Contacts:
GrowLife, Inc.
Media Relations/Investor Relations
Marco Hegyi,
866-781-5559
info@growlifeinc.com
Source: GrowLife, Inc.
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